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Investment Decisions in Advanced Manufacturing Technology

Investment Decisions in Advanced Manufacturing Technology
Author: Magdy G. Abdel-Kader
Publisher: Routledge
Total Pages: 368
Release: 2018-12-20
Genre: Social Science
ISBN: 0429826818

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First published in 1998, this volume was designed to lead to an operational model of Advanced Manufacturing Technology (AMT) decision making which incorporated the mathematics of fuzzy set theory. The rapid advancement of robotics, automated technologies and software such as CAD and CAM have made such studies paramount. Here, analyses of a questionnaire survey and field study of major UK manufacturing companies together provide a simulating portrayal of AMT investment decision making and have been expanded upon with a model using fuzzy set theory.


Strategic Decision Making in Modern Manufacturing

Strategic Decision Making in Modern Manufacturing
Author: Harinder Singh Jagdev
Publisher: Springer Science & Business Media
Total Pages: 275
Release: 2013-06-29
Genre: Business & Economics
ISBN: 1461503655

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Strategic Decision Making in Modern Manufacturing introduces and explains the AMBIT (Advanced Manufacturing Business ImplemenTation) approach, which has been developed to bridge the gap between strategic management considerations and the operational effects of technology investment decisions on the manufacturing organisation, so that the likely impact of new manufacturing technology and/or programme implementations can be evaluated, anticipated and accurately predicted. The AMBIT approach focuses specifically on the non-financial aspects of such investment decisions and offers an approach that allows a manager, or more frequently a management team, to understand the impacts of a new technology or a new programme on the manufacturing organisation in terms of manufacturing performance.


Investment Decisions in Advanced Manufacturing Technology

Investment Decisions in Advanced Manufacturing Technology
Author: Magdy G. Abdel-Kader
Publisher: Routledge
Total Pages: 350
Release: 2018-12-20
Genre: Social Science
ISBN: 0429826826

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First published in 1998, this volume was designed to lead to an operational model of Advanced Manufacturing Technology (AMT) decision making which incorporated the mathematics of fuzzy set theory. The rapid advancement of robotics, automated technologies and software such as CAD and CAM have made such studies paramount. Here, analyses of a questionnaire survey and field study of major UK manufacturing companies together provide a simulating portrayal of AMT investment decision making and have been expanded upon with a model using fuzzy set theory.


Economic and Financial Justification of Advanced Manufacturing Technologies

Economic and Financial Justification of Advanced Manufacturing Technologies
Author: Hamid R. Parsaei
Publisher: Elsevier
Total Pages: 320
Release: 2013-10-22
Genre: Technology & Engineering
ISBN: 1483291359

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Competence in investment analysis is now a basic requirement for most practicing managers, engineers, and financial analysts in order to avoid possible serious mistakes arising from flawed or inadequate knowledge of the discipline. Furthermore, individuals who make decisions based on technical economics stake their professional futures, in many cases, on the accuracy of such evaluations. The aim of this volume is to provide a balanced view of the essential components of economic and financial analysis including: 1. Strategic and design issues; 2. Principles of cost management systems and activity-based costing, and; 3. Tools for developing the financial measures of investment worth, with advanced topics and case studies in these three areas.This volume provides a refreshing insight into the various methods that engineers, managers, and financial analysts may need to consider to find good alternatives for the investment of scarce resources. Not only are new ventures presented, but also improvements within existing facilities that include process modification, product design, equipment replacement, and plant expansion/contraction.


Design of Advanced Manufacturing Systems

Design of Advanced Manufacturing Systems
Author: Andrea Matta
Publisher: Springer Science & Business Media
Total Pages: 296
Release: 2005-04-25
Genre: Business & Economics
ISBN: 9781402029301

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This book presents a framework and specific methods and tools for the selection and configuration of the capacity of Advanced Manufacturing Systems (AMS). AMS include Flexible Manufacturing Systems, Dedicated Manufacturing Systems, and Reconfigurable Manufacturing Systems. Starting from the characteristic of the competitive environment, the directions given by the company strategy, data regarding the products, and information regarding the different system architectures, the decision support system described here aids the decision maker by means of a formalized methodology that follows the various steps required to define the type and timing of 'capacity' acquisition and to define the detailed configuration of AMS along its life cycle. The decision making framework and tools illustrated in this volume combine decision-making theory, optimization theory, discrete event simulation and queuing networks. It will be of interest to graduate students and researchers involved in manufacturing engineering, industrial engineering and operations research.


Technologies for Supporting Reasoning Communities and Collaborative Decision Making: Cooperative Approaches

Technologies for Supporting Reasoning Communities and Collaborative Decision Making: Cooperative Approaches
Author: Yearwood, John
Publisher: IGI Global
Total Pages: 498
Release: 2010-10-31
Genre: Social Science
ISBN: 1609600932

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The information age has enabled unprecedented levels of data to be collected and stored. At the same time, society and organizations have become increasingly complex. Consequently, decisions in many facets have become increasingly complex but have the potential to be better informed. Technologies for Supporting Reasoning Communities and Collaborative Decision Making: Cooperative Approaches includes chapters from diverse fields of enquiry including decision science, political science, argumentation, knowledge management, cognitive psychology and business intelligence. Each chapter illustrates a perspective on group reasoning that ultimately aims to lead to a greater understanding of reasoning communities and inform technological developments.